PairGain Technologies Profits Up 7%

Increasing sales of its data transmission enhancing products helped PairGain Technologies Inc. post a 7% profit increase to $12.2 million from $11.4 million for its fiscal 1998 first quarter.

The telecommunications products maker said revenue for the period rose to $72.6 million from $70.7 million. PairGain’s profit was equal to 16 cents a share, up from 15 cents a share a year earlier. PairGain makes products that enable data to be sent at high speed on unimproved copper telephone lines.